Rajesh Gupta & Ors vs Assistant Commissioner Of Income Tax ...

ik-153300604 Delhi High Court 23 December 2025 • 76 min read

Judges (2)

V. Kameswar Rao Delivered Vinod Kumar Coram

Counsel (7)

Gaurav Kumar Counsel Respondent Himanshu Aggarwal Counsel Petitioner Indruj Singh Rai Counsel Respondent Kavita Jha Counsel Petitioner Rahul Singh Counsel Respondent Sanjeev Menon Counsel Respondent Vaibhav Kulkarni Counsel Petitioner

Parties (2)

Assistant Commissioner of Income Tax Central Circle 31 Delhi Respondent Rajesh Gupta Petitioner

Case Significance

Rajesh Gupta & Ors vs Assistant Commissioner Of Income Tax ... is a Delhi High Court decision dated December 23, 2025 (citation: ik-153300604). The petitioners challenged the retention of gold coins and jewellery seized during an income tax search and seizure operation at their residence, seeking release of the seized assets. The Delhi High Court dismissed the petition, holding that the second proviso to Section 132B(1)(i) only applies after the AO determines liability and concludes that the nature and source of acquisition has been explained, while noting the petitioners could seek release against a bank guarantee by applying before The bench comprised Justices V. Kameswar Rao and Vinod Kumar. The judgment was delivered by Justice V. Kameswar Rao.

Summary

The petitioners challenged the retention of gold coins and jewellery seized during an income tax search and seizure operation at their residence, seeking release of the seized assets. The Delhi High Court dismissed the petition, holding that the second proviso to Section 132B(1)(i) only applies after the AO determines liability and concludes that the nature and source of acquisition has been explained, while noting the petitioners could seek release against a bank guarantee by applying before the AO.

What was the outcome of Rajesh Gupta & Ors vs Assistant Commissioner Of Income Tax ...?

The petitioners challenged the retention of gold coins and jewellery seized during an income tax search and seizure operation at their residence, seeking release of the seized assets. The Delhi High C...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-153300604)